IoTeX is a blockchain platform that aims to provide a secure and decentralized infrastructure for the Internet of Things (IoT). The platform is designed to enable devices to communicate with each other and share data in a secure and transparent manner. IoTeX uses a unique consensus mechanism called Roll-DPoS, which combines the benefits of Delegated Proof of Stake (DPoS) and Randomized Proof of Work (RPoW) to ensure fast and secure transactions. The platform also features a range of tools and services, including smart contracts, decentralized storage, and identity management, to support the development of IoT applications.

The native cryptocurrency of the IoTeX platform is IOTX. IOTX is used to pay for transaction fees and other services on the platform. It is also used as a reward for network participants who contribute to the security and stability of the network. The total supply of IOTX is capped at 10 billion, with a circulating supply of around 5 billion. The team behind IoTeX has a strong focus on community engagement and has launched a range of initiatives to encourage participation and adoption of the platform. Overall, IoTeX is a promising project that has the potential to revolutionize the way we interact with IoT devices and data.